Met coke prices have gone down in India due to prevalence of weak demand during the rainy season.
In the east coast, the ex-works prices of the Blast Furnace grade have come down to INR 13,750-14,000/MT.
In the west coast, the ex-works prices are still at INR 15,000-15,500/MT, but sellers are giving discounts to buyers in view of the weak demand prevailing.
Imports offers have drifted upwards from the rates in the last week. Import offers of the 64% CSR Met coke were assessed higher at USD 157/MT FoB China; and that of the 62% CSR variant were also assessed higher at USD 155/MT FoB China.
For Indian buyers, these offers amount to: USD 165/MT CFR India and USD 163/MT CFR India respectively.
IMPORTS
Imports have somewhat shrunk due to low demand in the country. During the 1-22July’16 period, 179,500 MT of Met coke was imported into the country, according to data compiled by SteelMint Research.
The top importers were: JSW Steel, Jindal Steel and Power Limited and Essar Steel.
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